PwC has launched a blockchain team to explore the bitcoin technology January 22, 2016 Professional services giant PwC is getting into blockchain, announcing a new team dedicated to exploring the hyped technology powering bitcoin, following soaring client demand. “There is growing interest and a real demand from our clients to help understand the implications of blockchain and how to respond to it. So, as the blockchain juggernaut continues to [...]
George Soros says the same conditions are in place as those that caused the crisis in 2008 – and slams Donald Trump for “doing the work of Isis” January 22, 2016 Legendary fund manager George Soros has reiterated his warning that the global economy is in the same state now as it was before the global crisis in 2008. During a speech at Davos, he pointed out that "there is a financial crisis and a bear market", the Guardian reported. "The source of the disequilibrium is different. In [...]
Dulwich tops list of worst place in UK for burglaries – but London dominates with 16 of top 20 January 22, 2016 Dulwich might be one of the most desirable places to live in south London, but the leafy former home of Margaret Thatcher has just been named the worst place in the country for burglary. The postcode SE21, which includes Dulwich and South Tulse Hill, has had the highest number of claims of theft of contents from [...]
Two dead, third person airlifted to London hospital after car overturns on Isle of Dogs, near Canary Wharf January 22, 2016 Two people have died after a car overturned near to financial district Canary Wharf this morning. Emergency services including the police, London Ambulance Service and London Fire Brigade were called to Marsh Wall, near Manchester Road on the Isle of Dogs just after 5am this morning. A spokeswoman for the Metropolitan Police told City A.M. that [...]
RIP the Ed stone, after Labour finally confirms the £8,000 tablet was destroyed soon after the General Election January 22, 2016 It was one of the highlights (and, arguably, turning points) of the General Election: the moment Ed Miliband revealed an eight foot-tall limestone monolith, engraved with his six core manifesto policies. Within hours, the two-tonne slab of stone – designed, no doubt, to demonstrate Labour's unshakeable commitment to "a better future" – had gone viral, with [...]
Christine Lagarde confirms plans to run for a second term as director of the IMF January 22, 2016 IMF director Christine Lagarde has confirmed she will be standing for a second term when her tenure runs out. Lagarde confirmed her plans to run in an interview with French television news channel France 2. Lagarde’s term as head of the IMF is drawing to a close as her five-year tenure is up in July, [...]
Night Tube strikes look set to be called off, after staff receive new four-year pay deal January 22, 2016 Londoners rejoice: the series of Tube strikes set to start from next week look set to be called off after Transport for London bosses put forward a new four-year pay deal to union reps yesterday. The new deal includes a one-off bonus of £500 to all workers – not just those on the Night Tube – and an [...]
The bear is back in his cage: FTSE 100 gains and Japan’s Nikkei 225 roars into positive territory on global stimulus hopes from the European Central Bank’s Mario Draghi January 22, 2016 Finally some good news: the FTSE 100 got off to a flying start this morning, gaining up to 1.8 per cent in early trading as dovish remarks from Mario Draghi sent investors' spirits soaring. Global bourses surged, with Japanese stocks roaring out of bear market territory to make their second-biggest one-day gain in five years. The Nikkei [...]
Davos 2016: An outlook as chilly as the setting January 22, 2016 So much for a fourth industrial revolution. It’s an inexorable law of the World Economic Forum that each year’s summit must be more crowded, expensive and pessimistic than the last. Whether it’s robotics, fintech or climate change, you can take your pick of this year’s buzz-themes – many dreamed up with the aid of handsomely [...]
City Moves for 22 January 2016 | Who’s switching jobs January 22, 2016 RateSetter Marketplace lender RateSetter has appointed Paul Marston as head of SME lending and Angela Yotov as head of legal. Paul joins from Secure Trust Bank, a challenger bank, where he was managing director of the business and commercial division which provides funding for SMEs and property development loans. Prior to that he was a [...]